Portfolio Budget Manager (WMS2/FS)

State of Washington•Thurston County – Olympia, WA

9d•Hybrid

About The Position

The Portfolio Budget Manager develops and monitors key components of the Medicaid, mental health, administrative, and agency budgets, as well as agency budget requests, allotment processes, fiscal notes, and financial analyses. The position ensures that processes and deliverables meet Health Care Authority (HCA) and Office of Financial Management (OFM) requirements and guidelines. It identifies and analyzes financial variances and communicates them accurately and promptly to program managers, HCA executive management, OFM, and other appropriate parties. The role performs complex financial analysis and modeling for decision packages considered by HCA leadership, OFM, and the legislature. It evaluates current funding issues and policy proposals addressing future needs, develops fiscal impact scenarios for Medicaid managed care proposals, and coordinates with internal and external fiscal and program staff to support accurate funding proposals and HCA strategic objectives. The Portfolio Budget Manager also coordinates with agency, OFM, and legislative staff; oversees Medicaid service payment adjustments, specialty payments, and journal vouchers; contributes technical assistance to Medicaid managed care rate development; and partners with accounting staff on monthly and year-end Medicaid accruals and fiscal-year close activities. This is a permanent, full-time, 40-hour-per-week hybrid position based in Olympia, Washington. The employee reports to the HCA office one day per week and on the first and final days of employment, with occasional additional onsite attendance as business needs require. Standard business hours are Monday through Friday, 8 a.m. to 5 p.m.; alternative schedules may be considered based on business needs. Occasional travel may be required. HCA employees must be Washington residents by their first day of employment.

Requirements

Expert-level skills and knowledge in large, complex financial systems and information.
Demonstrated skills querying complex data using programs such as Power BI and Power Pivot.
Expert-level ability to develop complex financial models.
Knowledge of state budget processes, fiscal policy, fiscal notes, decision packages, and management principles.
Ability to map program data, identify trends, and provide actionable recommendations for resource allocation and efficiency improvements.
Knowledge of protocols and processes of the executive and legislative branches of state government.
Ability to extract, compile, and analyze raw expenditure and vendor data from database systems.
Proficiency developing models and tools to analyze fiscal impacts and policy options.
Familiarity with state and federal laws, rules, and regulations, including the State Administrative & Accounting Manual (SAAM).
Ability to consider equity in decisions, processes, and day-to-day work.
Ability to learn and grow by seeking new perspectives, learning from experience, and applying lessons to continuously improve work and service.
Ability to meet others’ needs by listening, understanding different perspectives, and responding with care, respect, and solutions.
Washington state residency by the first day of employment.
Submit a complete online application with a cover letter, resume, and three professional references, including at least one current or recent supervisor.

Nice To Haves

Experience within the State or another government entity.
Experience working with the federal government.
Master’s degree in public administration or a related field and one year of professional experience working with large, complex financial systems or information.
Bachelor’s degree in public administration or a related field and three years of professional experience working with large, complex financial systems or information.
Seven years of professional experience in financial, analytical, or accounting fields.

Responsibilities

Develop and monitor Medicaid, mental health, administrative, and agency budget components, budget requests, allotment processes, fiscal notes, and financial analyses in accordance with HCA and OFM requirements.
Identify and analyze financial variances and communicate findings accurately and promptly to program managers, HCA executive management, OFM, and other appropriate parties.
Perform complex analysis and financial modeling for decision packages considered by the HCA director, Chief Financial Officer, OFM, and legislature.
Analyze current funding issues and develop policy proposals addressing anticipated future needs.
Create financial models and determine fiscal impacts of legislative, policy, or rulemaking proposals related to Medicaid managed care, including alternative scenarios.
Coordinate with internal and external fiscal and program staff to ensure the accuracy of agency biennial and supplemental funding proposals and alignment with HCA budget policy objectives and strategic goals.
Coordinate with external and internal agency staff, OFM, legislative staff, and others on HCA or interagency proposals and analyses.
Oversee necessary adjustments, specialty payments, and journal vouchers for Medicaid services.
Provide technical assistance and contribute to Medicaid managed care rate development.
Partner with HCA accounting staff and other units to develop monthly and year-end accruals for Medicaid services and ensure accurate fiscal-year close activities.
Consider equity in decisions, processes, and day-to-day work, and continue learning and improving how work is performed and services are provided.